Regional news: Mid-Atlantic
Senate, House have different views on future of National Flood Insurance Program
The U.S. Senate unanimously extended the National Flood Insurance Program (NFIP) through May 31, 2012, and the House of Representatives passed a bill reforming and extending it for five years the NFIP.
The majority of insurance agency owners say they will not be giving bonuses or gifts to their employees to celebrate the holidays or the end of the year, according to the latest IFAwebnews.com poll.
A Jacksonville, Fla.-based Blue Cross/Blue Shield insurance subsidiary agreed to acquire Pittsburgh, Pa.-based Highmark‘s Medicare subsidiary.
Majority of people think insurers intentionally put off paying claims
The majority of adults (59%) in a recent online poll said they thought most insurers intentionally delay the payment of claims.
Insurance companies back NTSB’s call for driver texting, cellphone ban
An insurance industry trade group, representing about 300 insurers, says it supports the National Transportation Safety Board’s call for a ban on texting and using cellphones while driving.
Most insurance agents say they refer, eschew clients’ tax issues
The majority of insurance agents say they refer their clients seeking tax services to an accountant or certified public accountant, according to the latest IFAwebnews.com poll.
Chartis procures $575M protection against hurricanes, earthquakes
A New York, N.Y.-based insurance company entered a reinsurance agreement with another insurer that will provide $575 million in protection against hurricanes and earthquakes in the U.S.
Life insurance application activity showed a meager 0.5% gain in November, although researchers said the “no change” status signaled a “positive tone.”
A chiropractor with offices in Paterson, N.J., was indicted by a federal grand jury on charges of filing false income tax returns, allegedly excluding about $1.07 million in income from insurance companies, lawyers and other parties.
An Indiana-based insurance company approved to sell health insurance products in Pennsylvania has been charged with small businesses “unreasonably high premium increases” after increasing rates 12%, according to federal officials.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase
Most insurance agencies seeing better results than last year
Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year
Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension
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